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September 04, 2015 7:12 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of United Photovoltaics Group Limited

Company Overview

United Photovoltaics Group Limited, an investment holding company, engages in the development, investment, operation, and management of solar power plants. As of April 23, 2015, the company owned 21 grid-connected solar power plants with a total installed capacity of 682 MW across Qinghai, Gansu, Inner Mongolia, Xinjiang, Jiangsu, Fujian, Guangdong, etc.; and 17 solar power plants with a total installed capacity of 930MW. The company is headquartered in Central, Hong Kong.

Unit 1012, 10 Floor

West Tower

Shun Tak Centre

168–200 Connaught Road

Central,  

Hong Kong

120 Employees

Phone:

852 3112 8461

Fax:

852 3112 8410

Key Executives for United Photovoltaics Group Limited

Chairman, Chief Executive Officer, Member of Nomination Committee and Member of Risk Control Committee
Age: 47
Total Annual Compensation: $2.4M
Executive Director and Member of Risk Control Committee
Age: 44
Vice President
Age: 56
Total Annual Compensation: $185.0K
Compensation as of Fiscal Year 2014.

United Photovoltaics Group Limited Key Developments

United Photovoltaics Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

United Photovoltaics Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenue of RMB 77,576,000 compared to RMB 40,716,000 for the same period a year ago. Profit before income tax was RMB 254,353,000 compared to RMB 556,804,000 a year ago. Profit for the period from continuing operations was RMB 254,353,000 against RMB 556,834,000 a year ago. Profit attributable to shareholders of the company was RMB 242,914,000 compared to RMB 339,037,000 a year ago. Profit attributable to shareholders of the company arising from continuing operations was RMB 242,914,000 or 3.60 cents per diluted share against RMB 554,158,000 or 1.26 cents per diluted share a year ago. EBITDA was RMB 212 million against RMB 65 million a year ago. The improvement in EBITDA was mainly attributable to the increase in the electricity generation volume of the solar power plants.

United Photovoltaics Group Limited Announces Executive Changes

The board of directors of the United Photovoltaics Group Limited announced that, as recommended by the nomination committee of the Company and approved by the Board, Mr. Li Hong has been appointed as an executive director and a member of the risk control committee of the Company with effect from 28 August 2015. Mr. Li will remain as the chief financial officer of the Company. Mr. Li Hong joined the Group as the financial controller in February 2014, and was appointed as the chief financial officer of the Company in April 2014. Mr. Li is also the chairman of the Chinese affairs management committee of the Group and the general manager of United Photovoltaics (Changzhou) Investment Co. Ltd. The Board also announced that with effect from 28 August 2015, as recommended by the nomination committee of the Company and approved by the Board, Ms. Qiu Ping, Maggie, a non-executive director, was re-designated as an executive director of the Company. Ms. Qiu will remains as the company secretary of the Company.

United Photovoltaics Group Limited to Report First Half, 2015 Results on Aug 28, 2015

United Photovoltaics Group Limited announced that they will report first half, 2015 results on Aug 28, 2015

Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 19, 2015
--
Private Placement
May 18, 2015
--
Private Placement
May 14, 2015
--
 

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